The Role of Industry 4.0 and Circular Economy for Sustainable Operations: The Case of Bike Industry
In this paper, sustainable design seeks to reduce negative impacts on the environment, and the health and comfort of building occupants, thereby improving financial performance. The basic objectives of sustainability are to reduce consumption of non-renewable resources, minimize waste, and create he...
| Main Authors: | , , , , |
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| Format: | Article |
| Language: | English |
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MDPI AG
2023-05-01
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| Series: | Applied Sciences |
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| Online Access: | https://www.mdpi.com/2076-3417/13/10/5986 |
| _version_ | 1797601258022895616 |
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| author | Chiu-Yen Shen Yung-Fu Huang Ming-Wei Weng I-Sung Lai Hung-Fu Huang |
| author_facet | Chiu-Yen Shen Yung-Fu Huang Ming-Wei Weng I-Sung Lai Hung-Fu Huang |
| author_sort | Chiu-Yen Shen |
| collection | DOAJ |
| description | In this paper, sustainable design seeks to reduce negative impacts on the environment, and the health and comfort of building occupants, thereby improving financial performance. The basic objectives of sustainability are to reduce consumption of non-renewable resources, minimize waste, and create healthy, productive environments. A sustainable alternative to this production system is Industry 4.0 (I4.0) and circular economy (CE). The contribution of this paper is integrating sustainable production and design decisions of a supply chain in the adoption of I4.0 aimed at cost minimization, in which the decision variables include the production rate of engineered-to-order (ETO) components, design time of general components, and time period of advertising and sales promotions. The validation of the implementation of CE and its production and sale strategies are demonstrated through I4.0. The results presented in this paper may have significant practical value, notably with respect to manufacturers in the bike industry. |
| first_indexed | 2024-03-11T03:58:36Z |
| format | Article |
| id | doaj.art-600792797ff74d3eaafaf0fd8d86bdc9 |
| institution | Directory Open Access Journal |
| issn | 2076-3417 |
| language | English |
| last_indexed | 2024-03-11T03:58:36Z |
| publishDate | 2023-05-01 |
| publisher | MDPI AG |
| record_format | Article |
| series | Applied Sciences |
| spelling | doaj.art-600792797ff74d3eaafaf0fd8d86bdc92023-11-18T00:18:49ZengMDPI AGApplied Sciences2076-34172023-05-011310598610.3390/app13105986The Role of Industry 4.0 and Circular Economy for Sustainable Operations: The Case of Bike IndustryChiu-Yen Shen0Yung-Fu Huang1Ming-Wei Weng2I-Sung Lai3Hung-Fu Huang4Department of Business Administration, Chaoyang University of Technology, Taichung 413310, TaiwanDepartment of Marketing and Logistics Management, Chaoyang University of Technology, Taichung 413310, TaiwanDepartment of Marketing and Logistics Management, Chaoyang University of Technology, Taichung 413310, TaiwanDepartment of Business Administration, Chaoyang University of Technology, Taichung 413310, TaiwanDepartment of Management Sciences, R. O. C. Military Academy, Kaohsiung 820009, TaiwanIn this paper, sustainable design seeks to reduce negative impacts on the environment, and the health and comfort of building occupants, thereby improving financial performance. The basic objectives of sustainability are to reduce consumption of non-renewable resources, minimize waste, and create healthy, productive environments. A sustainable alternative to this production system is Industry 4.0 (I4.0) and circular economy (CE). The contribution of this paper is integrating sustainable production and design decisions of a supply chain in the adoption of I4.0 aimed at cost minimization, in which the decision variables include the production rate of engineered-to-order (ETO) components, design time of general components, and time period of advertising and sales promotions. The validation of the implementation of CE and its production and sale strategies are demonstrated through I4.0. The results presented in this paper may have significant practical value, notably with respect to manufacturers in the bike industry.https://www.mdpi.com/2076-3417/13/10/5986circular economybike industryimperfect processesindustry 4.0applied sciences EPQ |
| spellingShingle | Chiu-Yen Shen Yung-Fu Huang Ming-Wei Weng I-Sung Lai Hung-Fu Huang The Role of Industry 4.0 and Circular Economy for Sustainable Operations: The Case of Bike Industry Applied Sciences circular economy bike industry imperfect processes industry 4.0 applied sciences EPQ |
| title | The Role of Industry 4.0 and Circular Economy for Sustainable Operations: The Case of Bike Industry |
| title_full | The Role of Industry 4.0 and Circular Economy for Sustainable Operations: The Case of Bike Industry |
| title_fullStr | The Role of Industry 4.0 and Circular Economy for Sustainable Operations: The Case of Bike Industry |
| title_full_unstemmed | The Role of Industry 4.0 and Circular Economy for Sustainable Operations: The Case of Bike Industry |
| title_short | The Role of Industry 4.0 and Circular Economy for Sustainable Operations: The Case of Bike Industry |
| title_sort | role of industry 4 0 and circular economy for sustainable operations the case of bike industry |
| topic | circular economy bike industry imperfect processes industry 4.0 applied sciences EPQ |
| url | https://www.mdpi.com/2076-3417/13/10/5986 |
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